Sec Form 4 Filing - Gaug Joseph M @ ALBANY INTERNATIONAL CORP /DE/ - 2021-03-01

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Gaug Joseph M
2. Issuer Name and Ticker or Trading Symbol
ALBANY INTERNATIONAL CORP /DE/ [ AIN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
VP-General Counsel & Secretary
(Last) (First) (Middle)
C/O ALBANY INTERNATIONAL CORP., 216 AIRPORT DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
03/01/2021
(Street)
ROCHESTER, NH03867
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 1,118 I By 401(k)
Class A Common Stock ( 1 ) 03/01/2021 M 358 A $ 0 ( 1 ) 358 ( 1 ) D ( 1 )
Class A Common Stock ( 1 ) 03/01/2021 D 358 D $ 74.22 0 D ( 1 )
Class A Common Stock ( 1 ) 03/01/2021 M 324 A $ 0 ( 1 ) 324 ( 1 ) D ( 1 )
Class A Common Stock ( 1 ) 03/01/2021 D 324 D $ 74.22 0 D ( 1 )
Class A Common Stock ( 1 ) 03/01/2021 M 438 A $ 0 ( 1 ) 438 ( 1 ) D ( 1 )
Class A Common Stock ( 1 ) 03/01/2021 D 438 D $ 74.22 0 D ( 1 )
Class A Common Stock ( 1 ) 03/01/2021 M 461 A $ 0 ( 1 ) 461 ( 1 ) D ( 1 )
Class A Common Stock ( 1 ) 03/01/2021 D 461 D $ 74.22 0 D ( 1 )
Class A Common Stock ( 1 ) 03/01/2021 M 463 A $ 0 ( 1 ) 463 ( 1 ) D ( 1 )
Class A Common Stock ( 1 ) 03/01/2021 D 463 D $ 74.22 0 D ( 1 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock Units ( 2 ) ( 2 ) 03/01/2021 M 358 03/01/2017( 2 )( 3 ) ( 2 )( 3 ) Class A Common Stock 358 $ 0 ( 2 ) 0 D
Phantom Stock Units ( 4 ) ( 4 ) 03/01/2021 M 324 03/01/2018( 4 )( 5 ) ( 4 )( 5 ) Class A Common Stock 648 $ 0 ( 4 ) 324 D
Phantom Stock Units ( 6 ) ( 6 ) 03/01/2021 M 438 03/01/2019( 6 )( 7 ) ( 6 )( 7 ) Class A Common Stock 1,317 $ 0 ( 6 ) 879 D
Phantom Stock Units ( 8 ) ( 8 ) 03/01/2021 M 461 03/01/2020( 8 )( 9 ) ( 8 )( 9 ) Class A Common Stock 1,845 $ 0 ( 8 ) 1,384 D
Phantom Stock Units ( 10 ) ( 10 ) 03/01/2021 M 463 03/01/2021( 10 )( 11 ) ( 10 )( 11 ) Class A Common Stock 2,315 $ 0 ( 10 ) 1,852 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Gaug Joseph M
C/O ALBANY INTERNATIONAL CORP.
216 AIRPORT DRIVE
ROCHESTER, NH03867
VP-General Counsel & Secretary
Signatures
Kathleen M. Tyrrell, Attorney-in-Fact 03/02/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Deemed acquisition and disposition to the issuer of shares of stock underlying Phantom Stock Units upon automatic vesting and cash settlement of such units (see footnotes 2, 4, 6, 8 and 10). No shares were actually issued to the reporting person, nor did the reporting person dispose of any shares.
( 2 )Phantom Stock Units granted on February 23, 2017 pursuant to the Phantom Stock Plan. Each Phantom Stock Unit entitles the holder to receive the cash equivalent of one share of Class A Common Stock at the time of vesting.
( 3 )358 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2017.
( 4 )Phantom Stock Units granted on February 22, 2018 pursuant to the Phantom Stock Plan. Each Phantom Stock Unit entitles the holder to receive the cash equivalent of one share of Class A Common Stock at the time of vesting.
( 5 )324 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2018.
( 6 )Phantom Stock Units granted on February 21, 2019 pursuant to the Phantom Stock Plan. Each Phantom Stock Unit entitles the holder to receive the cash equivalent of one share of Class A Common Stock at the time of vesting.
( 7 )438 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2019.
( 8 )Phantom Stock Units granted on February 20, 2020 pursuant to the Phantom Stock Plan. Each Phantom Stock Unit entitles the holder to receive the cash equivalent of one share of Class A Common Stock at the time of vesting.
( 9 )461 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2020.
( 10 )Phantom Stock Units granted on February 18, 2021 pursuant to the Phantom Stock Plan. Each Phantom Stock Unit entitles the holder to receive the cash equivalent of one share of Class A Common Stock at the time of vesting.
( 11 )463 Phantom Stock Units will be settled and payable each year on or about March 1, beginning March 1, 2021.

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